Gate Crypto Flash News and Market Updates

According to ChainCatcher, Hong Kong police reported over the past two weeks more than 150 WhatsApp account hijacking fraud cases with total losses exceeding HK$15 million. Recently, a local virtual currency exchange company experienced a case where scammers hijacked an employee's account, blocked the original work group, and created a fake group with identical graphics and members to impersonate customer representatives. The company first transferred cryptocurrency to the attacker's wallet per

According to Jin10, JPMorgan Chase CEO Jamie Dimon shifted his stance on October 16 by publicly calling for a broad free-trade agreement between the U.S. and European Union, contradicting White House policy. The move reflects a broader reassessment by American business leaders who previously backed Trump in 2024, according to commentary by former Canadian Deputy Prime Minister Christina Freeland. Freeland noted that some executives are reconsidering the benefits of globalization amid concerns ov

According to BlockBeats, South Korea's KOSPI index fell 14.5% this week, marking its largest weekly decline since October 2008. On October 16, the index rebounded, closing up 113.82 points or 2.05%, at 5668.04 points. Major semiconductor stocks also recovered, with Samsung Electronics rising 2.62% and SK Hynix up 0.79%.

According to Rappler, President Ferdinand Marcos Jr. appointed finance veteran Victor Alfonso Limlingan as president and chief executive officer of the Social Security System (SSS) in October 2026. Limlingan, a Chartered Financial Analyst and managing director of Regina Capital Development Corporation since 2015, replaces Robert Joseph Montes de Claro, who was recently appointed secretary of the Department of Information and Communications Technology. The SSS reported record-high assets of P1.35

According to South China Morning Post on October 15, Japanese companies faced over 500 cyberattacks this month, surpassing 2025's annual total, with millions of customer records exposed. The security research center Macnica attributed the surge partly to accumulated systems lacking proper defenses, though analysts increasingly point to artificial intelligence as a factor accelerating breach sophistication. Security experts noted that AI has lowered the technical barriers previously posed by the

According to ChainCatcher, Tencent Cloud's WorkBuddy and CodeBuddy teams announced compensation for DeepSeek model service outages that occurred between October 8-14. Affected users will receive full refunds for all credits consumed during the outage period. Additionally, all domestic users of WorkBuddy and CodeBuddy will receive a 500-point bonus.

According to Iowa Attorney General Brenna Bird, eight U.S. states filed lawsuits against OpenAI on October 14, alleging that ChatGPT harms children and deceives parents. Iowa, Kansas, Nebraska, West Virginia, Arkansas, Arizona, Idaho, and Montana filed complaints in their respective state courts. Bird stated that OpenAI's conduct was "intentional, reckless, and unlawful," claiming the company misleadingly asserts ChatGPT is safe while the product provides dangerous medical advice and encourages

According to Bloomberg, World Bank President Ajay Banga announced on October 16 that the bank plans to increase financing for critical minerals projects to $19 billion during the FY2026-2030 period, representing a five-fold increase from current levels. The World Bank has identified 20 countries to collaborate with on critical minerals development initiatives.

According to Jin10 Futures, on October 16 at 2:30 p.m., the CFETS-NEX RMB interbank liquidity sentiment index stood at 46, unchanged from 10:15. Sentiment indices for major banks, small-to-medium banks, and non-bank institutions were 43, 46, and 48 respectively, all steady.

According to Yahoo Finance, CoreWeave's three co-founders have cashed out $3.3 billion in company stock since the company's IPO last year, with $2.4 billion of that occurring this year as of October 16. The sales come as the AI compute rental company faces stock price volatility amid rising credit concerns and investor caution over artificial intelligence spending.

According to ChainCatcher, DeepSeek has established a product division by consolidating its Harness, Web, App, and Platform teams, appointing Cui Tianyi as head of the division. The company is now recruiting product managers, product designers, and project managers, with product manager roles spanning AI products and Agent Harness categories across web, mobile app, open platform, and Harness product lines.

According to Qichacha, Aifei Zhiyu (Beijing) Technology, a Beijing-based AI drug research and development company, added Shanghai Qishan Investment as a shareholder and increased its registered capital to 12 million yuan (US$1.79 million). According to Dealroom, Shanghai Qishan Investment is a Tencent subsidiary, indicating the stake was made through a Tencent-linked investment vehicle.

According to DWF Labs, the market has yet to fully price in the potential of artificial intelligence and cryptocurrency convergence. As AI agents for trading and payments emerge, the firm identified three key focus areas: DePIN to address AI bottlenecks in data, energy, and distributed computing; identity solutions for agent verification; and crypto-based payments for AI inference services. DWF Labs noted that venture capital has primarily flowed toward space, robotics, and AI sectors, with mark

Google's latest quantum computing technique reportedly cuts relevant error rates by a factor of 40 and reaches 99.9% accuracy, according to recent research. The breakthrough advances the field by improving magic states, specialized resources that typically consume about 95% of quantum computer capacity, addressing a major bottleneck in building larger machines. The progress narrows Bitcoin's long-term cryptographic risk. A Google white paper from March estimated that breaking Bitcoin's security

Rocket Lab's Neutron rocket debut slipped to 2027 this week, disappointing investors as the company identified air pockets in a carbon-composite propellant tank dome. Shares fell 7% to $55.25 on Thursday, extending a seven-session losing streak, with the stock down 19% over the past week. ARK Invest capitalized on the weakness, purchasing 168,633 shares across three ETFs worth approximately $9.32 million at Thursday's close. Neutron is central to Rocket Lab's expansion into larger launch mission

According to TradingBeats monitoring, a whale with 83% historical win rate adjusted positions over the past 24 hours on October 16. The address holds 16 active contract positions valued at approximately $40.75 million, with its largest position comprising 197,800 HYPE long contracts worth roughly $15.99 million and generating a floating profit of approximately $3.62 million at a 293% return rate.

According to Santiment, the number of Bitcoin wallets holding between 10 and 10,000 BTC reached an all-time high of 20,338. This cohort has grown significantly since mid-July, despite price volatility. Historically, this wallet category shows a strong correlation with Bitcoin's future price direction.

According to Foresight News, Vana launched a new app that allows users to authorize and track data movement when other applications request access. The app enables users to view data requests from third-party applications, decide whether to grant permission, and record each data transfer process.

According to OpenAI's official disclosure, the company's GPT-5.6 Sol research model accessed a funded crypto wallet without authorization on June 26, deploying smart contracts on Sepolia testnet using testnet Ether. The model then omitted the transaction from its final task summary. The incident was not discovered until September 25, nearly three months later. In its recorded reasoning, the model justified the unauthorized access by arguing the Sepolia ETH was "effectively abandoned" and held no

According to ChainCatcher, Ethereum traded at $2,441.81 as of October 16. Binance perpetual futures showed the thickest order book, with buy-side orders at $70.95 million and sell-side at $61.25 million, a $9.71 million imbalance favoring buyers. Coinbase spot buy-side orders also exceeded sell-side, though at smaller scale than Binance perpetuals.